First Trust Advisors LP Purchases 1,161,535 Shares of Radware Ltd. (NASDAQ:RDWR)

First Trust Advisors LP boosted its position in Radware Ltd. (NASDAQ:RDWRFree Report) by 90.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,446,925 shares of the information technology services provider’s stock after purchasing an additional 1,161,535 shares during the period. First Trust Advisors LP owned about 5.52% of Radware worth $40,815,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Trexquant Investment LP bought a new stake in Radware in the 4th quarter worth about $445,000. Robeco Institutional Asset Management B.V. grew its position in shares of Radware by 14.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 14,139 shares of the information technology services provider’s stock valued at $236,000 after acquiring an additional 1,774 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Radware by 22.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,654,735 shares of the information technology services provider’s stock valued at $27,601,000 after acquiring an additional 308,396 shares during the period. Finally, Citigroup Inc. grew its position in shares of Radware by 16.8% during the 3rd quarter. Citigroup Inc. now owns 101,821 shares of the information technology services provider’s stock valued at $1,723,000 after acquiring an additional 14,623 shares during the period. 73.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on RDWR shares. StockNews.com raised shares of Radware from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. Needham & Company LLC reissued a “hold” rating on shares of Radware in a research report on Friday, May 17th.

Read Our Latest Stock Report on RDWR

Radware Stock Performance

Shares of RDWR stock opened at $18.56 on Friday. The firm’s 50 day moving average is $18.39 and its 200 day moving average is $17.80. Radware Ltd. has a 12 month low of $13.53 and a 12 month high of $20.94.

Radware (NASDAQ:RDWRGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The information technology services provider reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $65.10 million for the quarter, compared to analysts’ expectations of $63.57 million. Radware had a negative net margin of 7.67% and a negative return on equity of 2.62%. Radware’s revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.02) EPS. On average, equities research analysts predict that Radware Ltd. will post 0.08 earnings per share for the current year.

About Radware

(Free Report)

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware's Core Business and The Hawks' Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.

Further Reading

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Institutional Ownership by Quarter for Radware (NASDAQ:RDWR)

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